Mitel Networks (MITL) to Release Quarterly Earnings on Thursday

Mitel Networks (NASDAQ:MITL) (TSE:MNW) is scheduled to issue its quarterly earnings data before the market opens on Thursday, February 22nd. Analysts expect the company to announce earnings of $0.27 per share for the quarter.

Shares of Mitel Networks (MITL) opened at $8.75 on Thursday. The company has a market capitalization of $994.96, a P/E ratio of -4.25 and a beta of 2.59. Mitel Networks has a 1-year low of $6.21 and a 1-year high of $9.17. The company has a current ratio of 1.00, a quick ratio of 0.77 and a debt-to-equity ratio of 1.94.

MITL has been the subject of several recent research reports. GARP Research initiated coverage on Mitel Networks in a report on Tuesday, December 19th. They set a “buy” rating for the company. Craig Hallum initiated coverage on Mitel Networks in a report on Thursday, December 14th. They set a “buy” rating and a $14.00 price objective for the company. TheStreet cut Mitel Networks from a “b” rating to a “c” rating in a research report on Tuesday, November 14th. Zacks Investment Research raised Mitel Networks from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $8.50 target price on shares of Mitel Networks in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.17.

A hedge fund recently raised its stake in Mitel Networks stock. State Street Corp lifted its stake in shares of Mitel Networks Corp (NASDAQ:MITL) (TSE:MNW) by 5.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 127,946 shares of the communications equipment provider’s stock after buying an additional 6,785 shares during the period. State Street Corp owned about 0.11% of Mitel Networks worth $939,000 at the end of the most recent quarter. Institutional investors own 81.14% of the company’s stock.

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About Mitel Networks

Mitel Networks Corporation is a provider of business communications and collaboration software, services and solutions. The Company’s segments include Cloud and Enterprise. The Enterprise segment sells and supports products and services for premise-based customers. The Cloud segment sells and supports products that are deployed in a cloud environment.

Earnings History for Mitel Networks (NASDAQ:MITL)

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